January 3, 2023

Recession risks to weigh on precious metals prices, but weaker dollar would help — report

Depending on the direction for the dollar resulting from the Fed's actions, gold is likely to fall in range between $1,620/oz $1,920/oz.

December 30, 2022

Supreme dollar rules the roost in gold market

The US currency's climb to 20-year peaks this year eroded demand for dollar-priced bullion.

December 30, 2022

Battery metal binge outweighs cost hikes at PolyMet copper-nickel project in Minnesota

Developing the first phase of the NorthMet open-pit operation about 100 km north of the Lake Superior port of Duluth is forecast at $1.2 billion.

December 30, 2022

Platinum price on pace for 20% quarterly gain, biggest since 2008

According to Reuters data, platinum is by far the best-performing precious metal in 2022.

December 23, 2022

Triple Flag acquires royalty on polymetallic Thunder Bay North project

Triple Flag is acquiring up to a 2.5% NSR royalty for $15 million on the platinum, palladium, copper and nickel project.

December 20, 2022

Nornickel mulls cutting output by 10% next year

The war in Ukraine has impacted the miner by disrupting logistics, insurance and shipping.

December 12, 2022

Northam Platinum raises cash part of RB Platinum bid

The maximum cash value of the offer now stands at 17 billion rand, up from 10 billion rand.

December 12, 2022

Tharisa raises $32m via bond issue for Zimbabwe mine construction

Tharisa had planned to raise $50 million to partly fund the building of its 70%-owned Karo platinum mine in Zimbabwe.

December 11, 2022

Gold objects found in Troy were mass-produced, travelled great distances

Gold in objects from Troy, Poliochni and Ur in Mesopotamia have the same geographic origin and were traded over great distances.

December 9, 2022

Extortion ‘mafia’ hits South Africa’s $55 billion mining sector

“The procurement mafia mobilizes the community for their own devices," said Paul Dunne, chief executive officer of Northam Platinum Holdings